NanoLogix Inc (NNLX)

[drugmanrx]

Before 10/16/2016 for 2 years prior the share price was in the 7-8 cents range or below.

On December 20 2016 the share price was 8 cents the date you posted the second update.

Words by CEO the stock position has been hit. The reality the stock price was pumped from 10/16/2016 to 12/6/2016 to an artificial high based on the news from Oct 6, 2016 and PRs that followed. Since the end of the news releases the stock has settled back in 7 to 8 cents trading range.

False Excuse - CEO delayed expansion because stock was hit hard by outside attackers
Facts- No news, no significance sales that can be verified, missed deadline on expansion, the stock settles back to normal trading range of 7 to 8 cents.

So I ask you with the stock trading in the average price range today the same as it has been the last two years what the excuse for not expanding as promised?

And how is increase of thousands in sales going to pay for hundred of thousand in expansion cost?

Those two updates, CEO BS IMHO.

If they weren't the CEO would have done a private placement between Oct 16, 2016 and Dec 6, 2016 when the position was at it's high point not after the position started it's decline downward, and him knowing the PR's releases would be stopping.